Note 17 - Condensed Parent Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

Condensed Balance Sheet [Table Text Block]

	December 31,
	2017		2016
Balance sheets
Assets:
Interest bearing deposits	$	9,265,423	$	9,930,224
Equity in net assets of Ottawa Savings Bank		42,020,902		40,847,022
ESOP note receivable		1,802,592		1,966,787
Other assets		14,018		-
Total assets	$	53,102,935	$	52,744,033
Liabilities and stockholders' equity:
Redeemable common stock in ESOP plan	$	1,202,014	$	807,629
Stockholders' Equity		51,900,921		51,936,404
Total liabilities and stockholders' equity	$	53,102,935	$	52,744,033

Condensed Income Statement [Table Text Block]

	Years Ended December 31,
	2017			2016
Statements of operations
Equity in net income of subsidiary	$	858,784		$	1,316,346
Interest income		74,504			31,537
Operating income		933,288			1,347,883
Other expenses		137,257			86,785
Income before income tax benefit		796,031			1,261,098
Income tax (benefit)		(17,993	)		-
Net income	$	814,024		$	1,261,098

Condensed Cash Flow Statement [Table Text Block]

	Years Ended December 31,
	2017			2016
Statements of cash flows
Operating activities:
Net income	$	814,024		$	1,261,098
Adjustments to reconcile net income to net cash used in operating activities:
Increase in other assets		(14,018	)		-
Undistributed net income of subsidiary		(858,784	)		(1,316,346	)
Net cash used in operating activities		(58,778	)		(55,248	)
Investing activities:
Payments received on ESOP notes receivable		164,195			207,165
Net cash provided by investing activities		164,195			207,165
Financing activities:
Proceeds from stock offering including shares purchased by ESOP, net of expenses		-			22,337,869
Distribution of stock offering proceeds to bank		-			(11,106,092	)
Options exercised		7,140			127,926
Shares repurchased and cancelled		(253,932	)		-
Dividends paid		(523,426	)		-
Loan to ESOP to purchase  Company stock in stock offering		-			(1,907,160	)
Net cash (used in) provided by financing activities		(770,218	)		9,452,543
Net (decrease) increase in cash and cash equivalents		(664,801	)		9,604,460
Cash and cash equivalents:
Beginning of period		9,930,224			325,764
End of period	$	9,265,423		$	9,930,224
Supplemental Disclosures of Cash Flow Information
Cash paid for taxes, net of refunds received	$	(3,976	)		-
Supplemental Schedule of Noncash Investing and Financing Activities
Increase in ESOP put option liability	$	394,385		$	431,086